BUZZ-U.S. STOCKS ON THE MOVE-GE, American Apparel, Potash
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index e-mini futures rose on Monday after Friday's tepid jobs data raised fresh doubts if the economy was strong enough to absorb an interest rate increase this year: Dow Jones industrial average futures were up 0.63 percent at 16,480, S&P 500 futures were up 0.66 percent at 1,955.75 and Nasdaq 100 futures were up 0.73 percent at 4,292.25.
** GENERAL ELECTRIC CO, Friday close $25.47, +3.26 pct premarket
Nelson Peltz's Trian Fund Management said it has bought $2.5 billion in General Electric shares since May, making it one of the company's top 10 shareholders.
** AMERICAN APPAREL INC, Friday close $0.1123, -24.31 pct premarket
The teen apparel retailer filed for chapter 11 bankruptcy protection on Monday, joining a rising number of U.S. apparel retailers reeling under tough competition and lower spending by teen shoppers.
** POTASH CORPORATION OF SASKATCHEWAN INC, Friday close $20.5, +8.29 pct premarket
The fertilizer company said on Monday it had withdrawn its 7.9 billion euro ($8.9 bln) offer for German potash producer K+S , citing a decline in global commodity and equity markets and a lack of engagement by K+S management. Continued...